John Loos, Household and Property Sector Strategist at FNB observes 'a tougher year for residendial mortgage lending ahead, as the residential property market slowly moves into its super-cycle “Correction”.'

The total value of sales in the South African housing market has been steadily increasing, with an 8.3% increase in the value of residential-property transactions from 2014 to 2015.

Tuesday, 08 March 2016 13:59

Property choices galore in Centurion

Centurion has come a long way from being the sleepy southern suburb of Pretoria with its smallholdings and large open spaces. Today it is one of the fastest growing cities in South Africa with a population of over 240 000.

Emira Property Fund Limited today announced 8.8% growth in distributions per share for its half-year to December 2015, continuing its track record of delivering on its market guidance with another strong set of results for investors.

Perched on a ridge overlooking Durban's city centre, with views all the way to the Indian Ocean, lies a sought-after collection of suburbs known as Berea.

Thursday, 11 February 2016 15:20

Slow price growth is good for first-time buyers

In the past year, home prices in the first-time buyer sector have grown only half as fast as they did in the previous 12 months, according to the latest statistics from BetterLife Home Loans, SA’s biggest mortgage originator.

The Reserve bank (SARB) Monetary Policy Committee (MPC) decided today to hike its policy Repo Rate by a further 50 basis points to 6.75%, a move that will see Commercial Banks raise their Prime rates to 10.25%.

The SARBs Monetary Policy Committee has raised the repo rate by 50 basis points taking it to 6. 75% during its first meeting in 2016.

Property statistics for the fourth quarter of 2015 released by ooba, South Africa’s largest bond originator, show house prices continued to grow in excess of inflation as the demand for residential property remained buoyant despite a weakening economy.

Home loan market still being driven by first time home buyers.  54% of applications are currently from first time homebuyers.

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